Brief: Adva Optical Networking Narrows Outlook For 2021

Adtran Networks SE

16/07/2021 12:48

July 16 (Reuters) - ADVA Optical Networking SE  ADAG.DE :
    * DGAP-ADHOC: ADVA OPTICAL NETWORKING SE REPORTS PRELIMINARY
FINANCIAL RESULTS FOR Q2 2021 AND NARROWS OUTLOOK FOR THE FULL
YEAR 2021
    * PRELIMINARY PRO FORMA OPERATING INCOME MARGIN WAS 9.7% IN
Q2
2021 (Q2 2020: 7.0%).
    * PRELIMINARY REVENUES OF ADVA OPTICAL NETWORKING SE (ISIN:
DE0005103006, FSE: ADV) FOR Q2 2021 WERE EUR 149.4 MILLION, UP
BY 3.0% COMPARED TO YEAR-AGO QUARTER (Q2 2020: EUR 145.0
MILLION).
    * PRELIMINARY PRO FORMA OPERATING INCOME OF EUR 14.4 MILLION
INCREASED BY 42.6% COMPARED TO YEAR-AGO QUARTER (Q2 2020: EUR
10.1 MILLION)
    * CONSIDERS A PRO FORMA OPERATING INCOME OF LESS THAN 7% OF
REVENUES TO BE UNLIKELY AND THEREFORE UPDATED TODAY
PROFITABILITY OUTLOOK FOR FISCAL YEAR 2021.
    * DECIDED TO KEEP REVENUE OUTLOOK OF EUR 580 MILLION AND 610
MILLION UNCHANGED.
    * NOW EXPECTS FOR FULL YEAR 2021 A PRO FORMA OPERATING
INCOME OF
BETWEEN 7% AND 10% IN RELATION TO REVENUES.
    * REVENUES ARE EXPECTED TO REMAIN UNCHANGED BETWEEN EUR 580
MILLION AND EUR 610 MILLION.

Source text for Eikon:  ID:nEQ3rXztya 
Further company coverage:  ADAG.DE 

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